CryptoLions Financial Disclosure - August

in eos •  last year  (edited)

CryptoLions Financial Disclosure

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About this disclosure

CryptoLions are dedicated to upholding our promises of transparency within the EOS mainnet and to helping to strengthen the trust bond between the Block Producers and the EOS Community as stated in our Policy Positions and Code of Conduct.

With this disclosure we continue our monthly expense report publications that we began last month in order to be transparent about our budgeting and show that resources entrusted to us are used responsibly and effectively. We look forward to keeping the community well informed of our undertakings and on-going projects and to seeing more BPs follow us in this initiative.

Restatement of our values

  • Sophrosyne - Inspired by Eos being the ancient Greek goddess of the Dawn, sophrosyne is an ancient Greek concept of an ideal of excellence of character and soundness of mind, which when combined in one well-balanced individual leads to other qualities, such as temperance, moderation, prudence, purity, and self-control.

  • Respect - To everyone. Always. This begins with respect for the EOS community and its constitution.

  • Competence - Meeting the technical, organizational, and legal demands of EOS block producers.

  • Integrity - Being honest with others and with ourselves. Doing what we say we'll do.

Income

In August we received a total of 9,727.3356 tokens for the month.
In total we have received 36,329.5674 tokens as of August 31st, 2018.

7,356.1193 of these came from block rewards and 28,338.9964 from vote rewards.

Of all the tokens received in August CryptoLions are allocating 1% (EOS 97.2734) into the future Burn Account as previously noted in our July statement. This is a small gesture of gratitude to the community.

Also, 10% of our income, or 3,632.9567 are set aside for what will be a performance bond.

Expenses

CategoryMarch-May 2018June 2018July 2018August 2018
General Administrative$10.00$414.81$825.01$4,668.50
IT & Web$894.45$4,376.45$4,785.28$3,648.86
Legal$1,552.07$0.00$0.00$0.00
Media and Outreach$1,688.46$1,210.88$298.94$782.37
Projects$569.26$8,634.87$18,262.31$5,072.00
Salaries$68,000.00$21,366.67$21,500.00$23,879.17
Sponsorships$0.00$0.00$17,000.00$112.04
Travel$948.21$0.00$3,528.31$2,007.25
Total$73,662.45$36,003.68$66,199.85$40,170.19

This month’s sponsorship expenses went towards an EOS meetup in Kyiv, Ukraine.

We also rented a new office in Lviv, Ukraine and are now looking forward to becoming more productive and creating even more exciting projects for the EOS community.

Some of our IT budget is categorized as salary.

AUGUST 2018 EXPENSE STRUCTURE
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JULY 2018 EXPENSE STRUCTURE
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Projects

We regard the production of blocks and the associated communication and legal work as our primary duty. As an additional service to the EOS community, we build projects which we believe make the EOS ecosystem better, and the EOS token more valuable.

They include

ProjectsMarch-May 2018June 2018July 2018August 2018
Animals$0.00$0.00$650.00$0.00
Data Visualisation$0.00$0.00$919.99$0.00
Jungle$0.00$0.00$2,000.00$0.00
Monitor$0.00$0.00$8,638.35$2,000.00
Deru$0.00$0.00$5,000.00$37.00
ZEOS$0.00$8,000.00$1,008.98$0.00
R&D$569.26$634.87$44.99$3,035.00
Total$569.26$8,634.87$18,262.31$5,072.00

Concluding Statement

There are no costs that are not reflected in the tables above. This is everything. We will continue to disclose our financials and support a culture of transparency and accountability.

We hope sensible reporting standards for block producers emerge over time and will look to adhere to them.

http://cryptolions.io/
https://zeos.co/
https://github.com/CryptoLions
https://busy.org/@cryptolions
https://busy.org/@cryptolions-ua
https://steemit.com/@cryptolions
https://steemit.com/@cryptolions-ua
https://twitter.com/EOS_CryptoLions
EN: https://www.youtube.com/channel/UCB7F-KO0mmZ1yVBCq0_1gtA
UA: https://www.youtube.com/channel/UCnVu47FZ09XX9EvrqqgS6uQ
General CryptoLions Chat: https://t.me/CryptoLions_io
EOS Network Monitor: http://eosnetworkmonitor.io/
Jungle Testnet Monitor: http://jungle.cryptolions.io/
Testnet Chat: https://t.me/jungletestnet

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I like to say I have been so great. Thank you